Following the search for strategic partners for its specialty bottles business, Saint-Gobain Desjonquères, the Saint-Gobain Group has selected the project of a consortium of two investment funds, Sagard and Cognetas. Under this agreement, the Saint-Gobain Group has agreed to sell 100% of Saint-Gobain Desjonquères and its subsidiaries, and will reinvest a 20% stake in the business.
A world leader in the production of glass bottles for the perfume, cosmetics and pharmaceutical industries, the specialty bottles business of Saint-Gobain (SG Desjonquères and its subsidiaries) delivered in 2006 consolidated sales of €607 million (~ $821 million) and operating profit of €50 million (~ $68 million). It employs approximately 4500 people and boasts a global sales and manufacturing network with production sites in France, Germany, Spain, the U.S., Brazil, China and Russia. The sale, which is part of the Saint-Gobain Group’s ongoing business development strategy, has been approved by the relevant competition authorities.
For more information, visit www.saint-gobain.com